Post
Topic
Board Altcoin Discussion
Re: No year of altcoins coming. All the big money is pouring into bitcoin.
by
South Park
on 06/04/2021, 20:27:24 UTC
With the stratospheric rise of Bitcoin the altcoins should move big time as well.
But they do not and will not move, as all the institutional money is pouring into bitcoin.
We won't see a "year of the altcoins" for a very long time, at least not before bitcoin has reached one million.
I think you are wrong, because in my opinion this is the year of cryptocurrency, so not only the price of Bitcoin increase very high, but the price of altcoin has also increase very high, because many altcoin have reached the new ATH price, so I think the price of altcoin is also moving like Bitcoin (increase very high) and I hope that the current market conditions will occur for a long time, so that we can get a lot of profit from investing in cryptocurrency.
But there is a very big difference between the kind of growth that we are seeing in altcoins and in bitcoin, the growth that we are seeing in the bitcoin market not only is very impressive but it is supported by huge corporations and rich individuals that are finally acknowledging that bitcoin is an asset that is going to be incredibly valuable in the future, but in the case of altcoins what we are seeing is nothing but hype and that hype cannot be sustained for the long term which means that sooner or later the altcoin market will crash.